Subscribe
GLOBAL NEWS

Xaar PLC and Stratasys Invest Together to Offer Xaar’s HSS 3D Printing Solutions

1 Mins read

UK-based Xaar PLC, a global leader in the development of industrial inkjet technology announced in an official release that it will develop 3D printing solutions based on High Speed Sintering (HSS) Technologies. To offer these solutions, Xaar PLC has formed a new company – Xaar 3D LTD along with investment from Stratasys, a global leader in additive manufacturing.

The newly formed company from Xaar will leverage the natural synergies between Xaar and Stratasys, especially Xaar’s technology relating to High Speed Sintering and industrial pieza inkjet printheads along with Stratasys’ commercial and market expertise.

Xaar will hold 85% of Xaar 3D Ltd whereas Stratasys will hold the remaining ownership. Stratasys has been granted an option to increase its ownership in the newly formed Xaar 3D Ltd to a total of 30%. The newly formed company’s board will be headed by Doug Edwards, CEO at Xaar.

More Global News: BASF Acquires Two 3D Printing Material Manufacturers for Expanding its Market Presence

Speaking about the joint investment, Doug Edwards, CEO at Xaar said, “We are delighted to launch our partnership with Stratasys. This joint investment in the development of 3D printing technologies reinforces the value created by our R&D and continues our plan to diversify Xaar’s business. We are also pleased to be working alongside a leader in the 3D printing space, who recognises the value of Xaar’s technology and expertise.”

Offering more details about the partnership, Scott Crump, Chief Innovation Officer at Stratasys, said, “We are impressed with the Xaar team’s achievements to date. We believe that the complementary assets of Stratasys and Xaar will enable Xaar 3D Ltd to develop solutions that further address customers’ additive manufacturing requirements for a broader range of production applications.”

About Manufactur3D Magazine: Manufactur3D is an online magazine on 3D Printing. Visit our Global News page for more updates on 3D Printing Technology News. To stay up-to-date about the latest happenings in the 3D printing world, like us on Facebook or follow us on Google+

1909 posts

About author
Manufactur3D is an Indian Online 3D Printing Media Platform that reports on the latest news, insights and analysis from the Indian and the Global 3D Printing Industry.
Articles
Related posts
GLOBAL NEWS

3D Systems joins takeover bid for Stratasys

3 Mins read
3D Systems has launched a takeover bid for Stratasys, an Israeli 3D printing company. This follows a long-standing takeover bid for the company
GLOBAL NEWSAMERICASMENA

Stratasys and Desktop Metal announce Merger valued at $1.8 Billion

3 Mins read
Stratasys and Desktop Metal announce merger and it is valued at $1.8 Billion. This is a high-profile coming together of industry leading companies
HEALTHCARE

CollPlant's Regenerative Breast Implants Program Gets Boost from Stratasys' P3 Technology

2 Mins read
CollPlant’s Regenerative Breast Implants Program Gets Boost from Stratasys’ P3 Technology as they form a collaboration to develop a bioprinting

Leave a Reply